Cohousing-L Mailing List: Language/vehicle for receiving money

[Tom Hammer (thammer302]

Hi all,

I wrote earlier but haven't received what we are
looking for yet.  I am guessing that I didn't make my
request clear.

I assume that many of you who are in forming or
established communities have very clear language that
spells out what happens with larger sums of money that
is collected to be used for the group (in our case, to
put down as on option on land).  We don't want to
re-invent anything that has already been done many
times.  

What we are looking for, as soon as possible, is
language that you have used to start collecting money
that can be held in
escrow until the group is ready to put that money down
on an option.  I assume groups have come up with
language for: making clear that the money is at risk,
who decides when the money will be used, for what
specific purposes can it be used, under what
conditions one's portion can be returned to an
individual, if interest is to be paid to the initial
"investors", etc., etc.  

We need this very quickly since some very special land
has come up for sale that suits our needs exactly, and
the seller is motivated to sell to us but has other
offers.
 
Thanks for whatever help you can give,

Tom Hammer
for Concord Village 

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